Trillian capital
Ex-Trillian Capital employee: Speaking out on state capture cost me my career
Mosilo Mothepu has accused the state and corporate South Africa of failing to support those brave enough to speak out against corruption.
Former Trillian Capital and Regiments Capital employee, Mosilo Mothepu, on Thursday testified at the state capture commission that the two companies told state-owned entities (SOEs) what to do even though the SOEs were the clients.
The judgment has also been scathing towards former Eskom executives Matshela Koko and Anoj Singh, who played a key role in approving payments to Trillian.
The state capture commission of inquiry also heard how a Transnet contract with Regiments Capital, with an R9 million cap on it, ballooned to nearly R300 million.
Eskom treasurer Andre Pillay has told the commission that as Eskom was preparing to draft its corporate plan, Anoj Singh sought help from the two firms.
In a statement, Edelstein Farber Grobler Incorporated says Jeffrey Afriat, to date, never had any personal relationship with the Gupta family.
The Democratic Alliance (DA) says the fund used to raise money for the campaign, including the R500,000 donation, was administered by Jeffrey Afriat who also had served as one of three directors of Trillian Capital.
Matshela Koko, Anoj Singh and Suzanne Daniels have been implicated in wrongdoing at the power utility.
Transnet paid Trillian and associated company Regiments Capital over R300 million in connection with its controversial tender to buy 1,064 locomotives.
Talk Radio 702’s Bongani Bingwa spoke to Bonang Mohale, the CEO of Business Leadership, who has slammed McKinsey following its apology to SA.
The company, together with Trillian, was contracted to affect a turnaround strategy at the power utility with McKinsey receiving R1 billion.
McKinsey's Kevin Sneader says the company should have communicated well enough to show how serious it was taking the issue of state capture and how sorry it was for its involvement.
The Civil Aviation Authority's director Poppy Khoza says flights will remain grounded until there's a guarantee on safety.
Public Enterprises Minister Pravin Gordhan revealed on Thursday that the airline paid R5.7 million to Trillian Capital without following proper processes.
Eskom says that it is still unclear how long a disciplinary process against its legal head Suzanne Daniels will go on for, as it's depends on the independent chairperson.
The opposition party says it will be laying a complaint at the BBBEE commissioner's office on Monday about this.
She was sacked in President Cyril Ramaphosa's recent Cabinet reshuffle on Monday and resigned as a Member of Parliament on Thursday.
Managing Director of G9, Rajie Murugan has told Parliament’s Eskom inquiry that the board tender committee’s approval of the firms, was patently illegal.
Koko was officially suspended this week after challenging his removal as an Eskom executive in the Labour Court.